(This is part 6 of a 7-part series on “Warning Signs That it Might be Time to Sell Your Business”) Partners & Parties. Partners and parties are much alike in the world of business. A lot of times when you first got into business you needed a partner or a group of partners to get […]
Category: Advice
Significant Life Impacting Events
(This is part 5 of a 7-part series on “Warning Signs That it Might be Time to Sell Your Business”) Significant Life Impacting Events! Nobody likes to talk about significant life impacting events, but they do occur and they occur to all of us. What is a significant life impacting event you may ask? It […]
Your Industry is Changing
(This is part 4 of a 7-part series on “Warning Signs That it Might be Time to Sell Your Business”) The industry you are in is changing…and not for the better. I am a true believer in the law of change. What the law of change says is that, “Nothing ever stays the same. Things […]
You Have Outgrown Your Business
(This is part 3 of a 7-part series on “Warning Signs That it Might be Time to Sell Your Business”) You have outgrown your business. Most people get into business intentionally. But some get into business by accident. Some people are very good at running a business and they may discover after some time that […]
You Keep Tinkering
(This is part 2 of a 7-part series on “Warning Signs That it Might be Time to Sell Your Business”) You can’t quit fidgeting with the business. By this I mean that you may be intentionally implementing programs or projects for the business that are not tied to its core products or services. If you […]
The Thrill-is-Gone Syndrome
(This is part 1 of a 7-part series on “Warning Signs That it Might be Time to Sell Your Business”) The thrill-is-gone syndrome. Also known as burnout or the dread factor, this is when you just don’t feel like continuing on anymore. You are probably still very capable of running your business, but even the […]
Pay Me Now or Pay Me Later
Make necessary capital improvements now and get paid later with a better return on investment. […]
So You’re Thinking of Selling
The staggering drop in profitability has hit multi-store owners the hardest, with many of them considering selling their stores. […]